Investment27 Aug 2026, 05:31 pm
Systematix Invests ₹2.7 Cr in Wholly-Owned Subsidiary
AI Summary
Systematix Corporate Services Ltd has invested ₹2.70 crore in its wholly-owned subsidiary, Systematix Wealth & Asset Services Private Limited (SWASPL), through a rights issue. The investment comprises 27,00,000 equity shares of ₹10 each, subscribed at par. SWASPL, which focuses on Alternative Investment Funds, Wealth Management, and distribution services, had a turnover of ₹193.06 Lakhs for the financial year ended March 31, 2026. This investment is intended to meet SWASPL's working capital requirements. The transaction is considered a related party transaction but is conducted at arm's length, and the company's shareholding in SWASPL remains unchanged at 100%.
Key Highlights
- Systematix invested ₹2.70 crore in its wholly-owned subsidiary.
- Investment made via rights issue to meet subsidiary's working capital needs.
- Subsidiary focuses on wealth management and AIFs.
- No change in shareholding percentage; remains wholly-owned.
- Transaction is at arm's length, despite being a related party.
Price Impact
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